Narrative Update • Jun 23

The Trade Distributors industry has stayed flat over the last week. As for the the longer term, the industry is up 11% over the past 12 months. Earnings are forecast to grow by 13% annually.
Has the U.K. Trade Distributors Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 24 Jun 2026 | UK£29.5b | UK£31.9b | UK£911.4m | 15.6x | 32.4x | 0.9x |
| Fri, 22 May 2026 | UK£28.5b | UK£31.9b | UK£939.9m | 15.3x | 30.3x | 0.9x |
| Sun, 19 Apr 2026 | UK£29.3b | UK£31.7b | UK£932.4m | 16.5x | 31.5x | 0.9x |
| Tue, 17 Mar 2026 | UK£26.3b | UK£31.7b | UK£1.1b | 16.2x | 25x | 0.8x |
| Thu, 12 Feb 2026 | UK£49.1b | UK£39.5b | UK£2.1b | 15x | 23.3x | 1.2x |
| Sat, 10 Jan 2026 | UK£50.3b | UK£39.7b | UK£2.2b | 13.9x | 23.1x | 1.3x |
| Mon, 08 Dec 2025 | UK£46.7b | UK£39.7b | UK£2.2b | 14.3x | 21x | 1.2x |
| Wed, 05 Nov 2025 | UK£47.5b | UK£39.8b | UK£2.2b | 15.1x | 21.2x | 1.2x |
| Fri, 03 Oct 2025 | UK£48.2b | UK£39.6b | UK£2.3b | 15.6x | 20.9x | 1.2x |
| Sun, 31 Aug 2025 | UK£51.1b | UK£39.4b | UK£2.3b | 15.1x | 21.9x | 1.3x |
| Tue, 29 Jul 2025 | UK£49.1b | UK£39.5b | UK£2.4b | 14.7x | 20.7x | 1.2x |
| Thu, 26 Jun 2025 | UK£45.8b | UK£39.3b | UK£2.4b | 14x | 19.5x | 1.2x |
| Sat, 24 May 2025 | UK£44.9b | UK£39.4b | UK£2.4b | 13.1x | 19.1x | 1.1x |
| Mon, 21 Apr 2025 | UK£40.8b | UK£39.5b | UK£2.4b | 13.3x | 17.4x | 1x |
| Wed, 19 Mar 2025 | UK£46.1b | UK£39.8b | UK£2.4b | 14.2x | 19.1x | 1.2x |
| Fri, 14 Feb 2025 | UK£52.9b | UK£40.1b | UK£2.5b | 13.7x | 21.5x | 1.3x |
| Sun, 12 Jan 2025 | UK£50.4b | UK£40.4b | UK£2.5b | 13x | 19.9x | 1.2x |
| Tue, 10 Dec 2024 | UK£59.5b | UK£40.0b | UK£2.5b | 13.4x | 23.8x | 1.5x |
| Thu, 07 Nov 2024 | UK£59.0b | UK£39.2b | UK£2.5b | 13.9x | 23.7x | 1.5x |
| Sat, 05 Oct 2024 | UK£56.9b | UK£39.0b | UK£2.5b | 14.4x | 23.1x | 1.5x |
| Mon, 02 Sep 2024 | UK£57.1b | UK£39.0b | UK£2.5b | 17.9x | 23.1x | 1.5x |
| Wed, 31 Jul 2024 | UK£57.4b | UK£40.2b | UK£3.2b | 14.3x | 17.9x | 1.4x |
| Fri, 28 Jun 2024 | UK£54.4b | UK£40.2b | UK£3.1b | 14x | 17.8x | 1.4x |
| Sun, 26 May 2024 | UK£57.3b | UK£40.0b | UK£3.1b | 14.3x | 18.5x | 1.4x |
| Tue, 23 Apr 2024 | UK£54.2b | UK£40.2b | UK£3.2b | 12.8x | 16.8x | 1.3x |
| Thu, 21 Mar 2024 | UK£54.1b | UK£39.9b | UK£3.2b | 13.4x | 17.1x | 1.4x |
| Sat, 17 Feb 2024 | UK£54.8b | UK£40.5b | UK£3.5b | 11.2x | 15.8x | 1.4x |
| Mon, 15 Jan 2024 | UK£52.3b | UK£40.4b | UK£3.5b | 11x | 15.1x | 1.3x |
| Wed, 13 Dec 2023 | UK£52.4b | UK£40.4b | UK£3.4b | 10.9x | 15.4x | 1.3x |
| Fri, 10 Nov 2023 | UK£48.0b | UK£39.9b | UK£3.0b | 10.6x | 15.7x | 1.2x |
| Sun, 08 Oct 2023 | UK£48.3b | UK£39.9b | UK£3.1b | 11.2x | 15.6x | 1.2x |
| Tue, 05 Sep 2023 | UK£51.1b | UK£39.3b | UK£3.0b | 11.7x | 16.7x | 1.3x |
| Thu, 03 Aug 2023 | UK£52.3b | UK£38.9b | UK£3.1b | 11.5x | 17.1x | 1.3x |
| Sat, 01 Jul 2023 | UK£51.5b | UK£39.0b | UK£3.2b | 10.6x | 16.1x | 1.3x |
16.1x
Which industries have driven the changes within the U.K. Industrials industry?
| GB Market | -1.14% | |
| Industrials | -0.96% | |
| Trade Distributors | 0.17% | |
| Trade Companies and Distributors | 0.17% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| BNZL Bunzl | UK£26.02 | 1.9% +UK£154.1m | 11.8% | PE18.2x | |
| DPLM Diploma | UK£70.90 | 0.7% +UK£67.0m | 45.6% | PE50.2x | |
| AT. Ashtead Technology Holdings | UK£4.55 | 2.1% +UK£7.6m | 9.6% | PE11.4x | |
| ASY Andrews Sykes Group | UK£5.33 | 2.9% +UK£6.3m | 3.4% | PE12.3x | |
| PRO ProService Building Services Marketplace | UK£0.032 | 27.5% +UK£5.5m | -56.3% | PS0.08x |